New Smart Franchising Podcast Episode #24 with Steve Hockett Now Live. Watch now.

Podcast

Engaging interviews with industry leaders and successful franchise owners.

Episode 24: Creating Legacy Businesses in Franchising with Steve Hockett, CEO of Great Clips

Featured Episode

Videos

Our video series with the latest in our thought leadership on all franchise-related topics.

The Halal Guys Franchise 2023 Recap

Featured Video

Blog

Want to learn more about franchising? There’s no better collection of franchise resources.

Konala Franchise Looks to Grow After Strong Run

Featured Article

Contact Us

Your franchise journey starts here! We’ll walk you through our proven step-by-step process.

Photo grid of Fransmart leadership team portraits

PayMore Signs Multi-Unit Franchise Deal To Bring Its Buy, Sell, Trade Concept To Pennsylvania

Dec 1, 2021

Faizan and Adila Kahn photo on a grey background and white text and purple button that says GLO30

PayMore, a buy, sell and trade market for electronics, today announced it has inked a multi-unit franchise deal to expand the retail brand into the greater Philadelphia area. The new franchisee, Chris Phillips, is an experienced Elevation Burger franchisee with more than 10 years of expertise in restaurant business operations. Phillips sought to diversify his business portfolio and was attracted to PayMore Stores as a fast, safe, and easy way for consumers to sell or trade-in electronic devices with the flexibility to purchase a new or pre-owned device online or at a local store.

“What excites me about PayMore is just like everyone needs to eat, everyone also needs electronics in the age we live in. PayMore’s proprietary system makes buying and selling electronics to the public simple. Not everyone needs a brand new shiny electronic toy – there’s immense potential in the resale market,” said Phillips. “After considering the current environment of employee hiring and supply chain issues due to the COVID-19 pandemic, I decided to diversify my portfolio beyond restaurants.”

Founded in 2011, PayMore Stores is a local brick-and-mortar franchise in a unique industry that combines e-commerce with electronics sales and trade-ins.  Each PayMore location receives dedicated support for its upscale spin on retail resale, delivering clean stores filled with high-quality merchandise.

“We are thrilled to award this multi-unit territory in Philadelphia to Chris and his team, as he exhibits all the characteristics we are looking for in an area developer. Chris will be an integral part of our Northeast build-out,” said CEO of PayMore, Stephen Preuss.

In addition to PayMore’s proprietary retail platform that seamlessly integrates online and brick-and-mortar inventory based on each location’s preferences, the brand remains on the cutting edge of retail trends. Earlier this year, PayMore Store locations nationwide introduced cryptocurrency payment options, accepting Bitcoin and other popular cryptocurrencies to offer additional payment flexibility for PayMore customers.

“I understand clearly why a multi-unit burger franchisee would rather expand with PayMore at this time,” said Fransmart CEO Dan Rowe.

Your Franchise Journey Starts Here

Whether you’re just starting out or already know the right brand for you – you’ve come to the right place. Fransmart helps franchisees use the power of compounded returns to own and operate multiple franchise locations throughout your desired market to grow franchise wealth.